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Gee Walkford

Owner

12-31-08
Gee Walkford

GEE (Members Only) (edit/delete)

Hello,

I have two questions if anyone can help me.

1.- Client wants to purchase a upgraded home that belongs to his sister in law. Income perfect, own's a home and will move into the new home as a primary res. to purchase need a Gift of equity and closing cost will be in the contract. The home is leined by the bank as a SBA loan attached to the home. (Business failed). value 750,000.00 Mtg 480,000.00

I didi receive a Commitment by a lender but for 11% - (way to high)

My question does anyone know of a lender that would lend at a decent rate? Purchases credit is perfect.

2.- My othher question is would anyone one know of any wholesale lenders or Banks licensed in New York, but are not located in New York, that would lend on First and second mortgages?

Please email me _ walkfordwf@aol.com

Happy New Year to all

Thank you

Gee